More Money, More Problems

Pelindo II’s global bonds turned out to have long consequences. The Central Statistics Agency estimates hundreds and billions of rupiah in state losses.

March 5, 2018

THE dozens of workers in blue shirts at the Tanjung Priok Ports Kalibaru Terminal, North Jakarta, seemed happy, standing or squatting while holding their thumbs up or making the peace sign. Behind them was a banner that reached the ceiling, which read: ¡°1 Mill TEUs Achievement: Celebration Day.¡±

The celebration was held in mid-February. The New Priok Container Terminal 1, with an annual capacity of 1.5 million 20-foot equivalent container

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